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(clueless to the end. well, at least he didn't say it was going to be "hard work.")

At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)

We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)

Thank you Barney Frank and every useless Dem that got us into this mess.

No, I think the blame falls on all of them not just Democrats but Republicans as well......good part the rich are in trouble but with Bushes plan now they won't have to stand in the unemployment line its a shame too they should see how the average American feels when they are out of work............

A credit default swap (CDS) is a contract in which a buyer pays a series of payments to a seller, and in exchange receives the right to a payoff if a credit instrument goes into default or on the occurence of a specified credit event (such as bankruptcy or restructuring). The associated instrument does not need to be associated with the buyer or the seller of this contract.

Originally used as a form of insurance against bad debts, these instruments became a tool for financial speculation when the Commodity Futures Modernization Act of 2000 specifically barred regulation of these trades.

Definition

A credit default swap (CDS) is a credit derivative contract between two counterparties, whereby the "buyer" pays periodic payments to the "seller" in exchange for the right to a payoff if there is a default[2] or credit event in respect of a third party or "reference entity".

In the event of default in the reference entity:

* the buyer typically delivers the defaulted asset to the seller for a payment of the par value. This is known as "physical settlement".
* Or the seller pays the buyer the difference between the par value and the market price of a specified debt obligation. This is known as "cash settlement".

At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)

Everytime you make a post that puts this on Bush, I'll be there to put it on the Dems.

McCain won’t do one thing different than his predecessor. Nothing.

We’re just going to get more of the same. The same hasn’t worked. In fact, its been an a complete and embarrassing failure, around the world. John has no idea of what the fundamentals are, even as the financial markets collapse around us.

OBL gets a second victory and our grandchildren get to pay for our overseas idiocy that has acted as the tipping point for this present situation. We are no longer capable of fighting a multi-front war, militarily or financially - hence the public retreat of our allies all over the globe.

At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)

We’re just going to get more of the same. The same hasn’t worked. In fact, its been an a complete and embarrassing failure, around the world. John has no idea of what the fundamentals are, even as the financial markets collapse around us.

OBL gets a second victory and our grandchildren get to pay for our overseas idiocy that has acted as the tipping point for this present situation. We are no longer capable of fighting a multi-front war, militarily or financially - hence the public retreat of our allies all over the globe.

You don't think McCain would work to cut spending, even though he has a track record of doing so? Do you think Obama would? The high cost of the war surely contributed to these problems, but that is by no stretch of the imagination the primary factor.

We’re just going to get more of the same. The same hasn’t worked. In fact, its been an a complete and embarrassing failure, around the world. John has no idea of what the fundamentals are, even as the financial markets collapse around us.

OBL gets a second victory and our grandchildren get to pay for our overseas idiocy that has acted as the tipping point for this present situation. We are no longer capable of fighting a multi-front war, militarily or financially - hence the public retreat of our allies all over the globe.

I'd be willing to bet McCain/Palin hit the ground running on Financial mkts reform. Wether it will all be for the good is debateable but I'd bet it would be a top priority in their administration.

The 21st century. The age of Smart phones and Stupid people.

It is said that branches draw their life from the vine. Each is separate yet all are one as they share one life giving stem . The Bible tells us we are called to a similar union in life, our lives with the life of God. We are incorporated into him; made sharers in his life. Apart from this union we can do nothing.